|Bid||260.55 x 0|
|Ask||260.60 x 0|
|Day's Range||260.10 - 265.95|
|52 Week Range||252.00 - 334.00|
|PE Ratio (TTM)||14.90|
|Forward Dividend & Yield||2.00 (0.69%)|
|1y Target Est||N/A|
Infosys and its local rivals in India are some the largest IT outsourcers on the planet, and definitely the biggest in any emerging market. If you include New Jersey-based Cognizant in the mix, cofounded by Lakshmi Narayanan from Tata Consultancy, then six of the biggest IT services companies in the world are run by Indians. As it stands, five of the largest IT consultancies call India home.
India's third-biggest software services exporter Wipro Ltd on Wednesday forecast weak growth in revenue during the current quarter after two clients went bankrupt and it lost business in the U.S. Bengaluru-headquartered Wipro said on Wednesday it expected revenue from its key IT services business to be in a range of $2.02 billion to $2.07 billion in its fiscal first quarter to end-June as it reported a bigger-than-expected fall in fourth-quarter net profit. Wipro's finance chief Jatin Dalal said the impact on revenue could last "at least for a couple of quarters", while salary increases effective June 1 will also add to costs.
Wipro Limited (NSEI:WIPRO), a large-cap worth ₹1.32T, comes to mind for investors seeking a strong and reliable stock investment. Market participants who are conscious of risk tend to search forRead More...
Billionaire Paul Singer’s Elliott Management Corp. has bought a stake in Wipro Ltd., its first ever purchase of an Indian-based software outsourcer.
San Antonio-based cybersecurity firm Denim Group sold a minority stake of its business — or about 33 percent of the company — to Wipro Ltd., a major international technology integration corporation headquartered in India. The value of the purchase was $8.8 million, according to regulatory records on file for Wipro (WIT). Denim Group, a cybersecurity services and product business, has transitioned over the years from a more consultancy role for businesses to developing a web application used in enterprise information technology infrastructure called ThreadFix.
India's third-largest software services exporter Wipro expects significant growth in its high-margin digital business this year, it said on Friday after reporting a quarterly profit dip on one-off provisions. The company posted net profit down 8.5 percent year on year in the three months to Dec. 31, but CEO Abidali Z. Neemuchwala told a news conference that it expects some big deals in the digital business and increased overall client spending in 2018. Finance chief Jatin Dalal said that the digital segment, which includes services such as cloud computing, big data and design engineering and now constitutes about a quarter of the company's IT revenue, would remain a key focus area.
After reading Wipro Limited’s (NSEI:WIPRO) latest earnings update (30 September 2017), I found it beneficial to look back at how the company has performed in the past and compare thisRead More...
There are a number of reasons that attract investors towards large-cap companies such as Wipro Limited (NYSE:WIT), with a market cap of ₹23.78B. One such reason is its ‘too bigRead More...
The lawsuit was filed by the American unit of British electricity and gas utility major National Grid PLC, Wipro said. The lawsuit, filed in the United States District Court for the Eastern District of New York, related to Wipro's work to set up a new software back-office system for the National Grid's U.S. business, the British utility firm said on Friday. "The rollout of the new system was hampered by many technical issues, resulting in substantial damages and millions of dollars of additional costs to stabilize the system," National Grid said in an email.
The lawsuit was filed by the American unit of British electricity and gas utility major National Grid PLC (NG.L), Wipro said. The lawsuit, filed in the United States District Court for the Eastern District of New York, related to Wipro's work to set up a new software back-office system for the National Grid's U.S. business, the British utility firm said on Friday.
The Zacks Analyst Blog Highlights: China Petroleum & Chemical, Canon, PetroChina, POSCO and Wipro
India’s $150 billion legacy IT services industry is banking on a clutch of startups to give it a fresh lease of life. The industry, whose model has increasingly been rendered obsolete over the past few years by the emergence of new technologies, is making acquisitions and investments in areas like automation, artificial intelligence, and big…
Indian IT services companies have been struggling amid a shifting technology landscape, changing client demands, and protectionist policies in the US. This became quite evident over the last two weeks as the latest round of quarterly financial results trickled in. Most firms recorded tepid growth in the July-September 2017 quarter (Q2) of financial year 2018…
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_10182017.pdf If you would like to receive this newsletter via email, please register ...
India's third-largest software services exporter Wipro Ltd posted a better than expected second-quarter profit on Tuesday, adding that it would match industry growth rates by the fourth quarter. With that trajectory, we believe in Q4, we will be able to deliver industry-matching growth," Chief Executive Abidali Z. Neemuchwala said in the press conference. "Wipro is quite far off from that sort of a trajectory.
Wipro Ltd (WIPR.NS), India's third-largest software services exporter, said on Wednesday that more than half its workforce in the United States consists of locals after it hired more than 1,600 people in the last six months. The statement comes as U.S. President Donald Trump has asked federal agencies to review a visa program that Indian IT firms such as Wipro use to fly engineers to the United States to service clients. Wipro rival Infosys Ltd (INFY.NS) last month said it planned to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States.
A leading lobby group for India's IT industry on Thursday forecast the sector's export revenues to grow at 7-8 percent for the year to March, around the growth levels seen last year, as the industry faces continued headwinds from the U.S. market. The more-than-$150 billion industry saw exports rising 7.6 percent last year, according to a statement from The National Association of Software and Services Companies (NASSCOM). Revenue for the domestic market is projected to grow at 10-11 percent in 2017/18, NASSCOM added.